Companies (Filing of Documents and Forms in XBRL) Amendment Rules notified by MCA

Companies (Filing of Documents and Forms in XBRL) Amendment Rules notified by MCA

The MCA has notified the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) (XBRL) Amendment Rules, from time to time, relating to filing of Documents and Forms in XBRL format by certain companies.

The MCA has notified the “Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2018” to specify that companies once having filed their financial statements under XBRL Rules shall continue to do so though they may not fall under the class of companies specified therein in succeeding years.

Companies (Filing of Documents and Forms in XBRL) Second Amendment Rules 2017

MCA has notified the Companies (Filing of Documents/ Forms in XBRL) Second Amendment Rules 2017, applicable w.e.f. 4 Dec. 2017 (i.e. the date of publication of Notification in the Official Gazette), to amend/ substitute Annexure III of the Companies Filing of Documents and Forms in XBRL Rules, 2015, as under:

Companies in Banking, Insurance, Power Sector and Non Banking Financial companies are already exempted from XBRL filing under Proviso to Rule 3 of the Companies (Filing of Documents and Forms in Extensible Business Reporting l-anguage) Rules, 2015. MCA has amended the XBRL Rules and has added Housing Finance Companies to the list of companies which are exempted from XBRL Filing.